OCC Issues Updated Risk Management Principles for New Activities

On October 20, 2017, the OCC issued Bulletin 2017-49 providing updated principles that OCC regulated banks should follow to prudently manage the risks associated with offering new, modified, or expanded products and services (“New Activities”). According to the bulletin, New Activities should be developed and implemented consistently with sound risk…

On August 22, 2017, the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation have issued a joint proposed rule to extend the current transitional capital rules treatment of certain regulatory capital deductions and risk weights and certain minority interest…

On June 26, 2017, the FDIC has issued FIL-30-2017 concerning its update to the Affordable Mortgage Lending Guide (“Guide”) with updated Part II information concerning mortgage programs offered through state housing finance agencies (HFAs). The updated Guide contains a state-by-state HFAs product matrix, program summaries and quick links. It also…

OCC Updated Its Policies and Procedures Regarding Violations of Laws and Regulations

On May 23, 2017, the OCC issued a bulletin providing updated guidance to national banks, including community banks, concerning changes to OCC’s policies and procedures regarding violations of laws and regulations. This updated guidance is effective July 1, 2017. The new guidance goals are to: (i) standardize a process for…